Blogs

ECB Pres. Christine Lagarde will explain the governing councils monetary policy decisions and answer questions See here for global coronavirus case data

ECB announces their latest monetary policy decision – 30 April 2020 – decision (12 March) – announcement (18 March) – Deposit facility rate -0.50% – Main refinancing rate 0.00%

Kuroda says that the central bank is aiming to get this approved before the next policy meeting in June See here for global coronavirus case data

<p>In the post meeting press conference, ECB President Christine Lagarde said said the Eurozone is “facing an economic contraction of a magnitude and speed that are unprecedented in peacetime”. While GDP shrank by -3.8% qoq, “sharp downturn in economic activity in April suggests that the impact is likely to be even more seve

<p>US personal income dropped -2.0%, or USD 382.1B in March, below expectation of -1.4%. Personal spending dropped -7.5% or USD 1127.3B, below expectation of -5.0%. Headline PCE price index slowed to 1.3% yoy, down from 1.8% yoy, below expectation of 1.6% yoy. Core PCE price index slowed to 1.7% yoy, down from 1.8% yoy, matched […]

<p>US initial jobless claims dropped -603k to 3839k in the week ending April 25. Four-week moving average of initial claims dropped -757k to 5033k. Continuing claims rose 2174k to 17.992m in the week ending April 18. Four-week moving average of continuing claims rose 3733k to 13.293m. Full release here.</p> <p>The post <a rel=&

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<p>ECB keeps interest rates unchanged. Marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. Forward guidance is also unchanged that “the Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robu

<p>Eurozone GDP contracted -3.8% qoq in Q1, larger than expectation of -3.3% qoq. EU GDP contracted -3.5% qoq. These were the sharpest decline since the series started in 1995. Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 3.3% yoy in the Eurozone and by 2.7% yoy in the EU […]

<p>Swiss KOF Economic Barometer dropped to 63.5 in April, down from 91.7, above expectation of 58.0. Nevertheless, that’s still a historical decline, sharper than that in 2009 financial crisis. KOF said: “Currently, nearly all indicator groups are pushing the barometer sharply downward. The decline is led by the indicators for the